Tag Archive for: ARCS

Automating Account Reconciliation with Oracle ARCS: A 2026 Guide

In this world of cloud computing and mobile applications, we have software applications to increase the efficiency of our personal and official tasks. It is interesting to know that more than 60% of organizations are still performing manual reconciliations between systems and subsystems. The approval process is managed using emails and there is limited visibility on the accountability. Lack of governance in the account reconciliation process cause problems in the audit. Accountants are not leveraging technology to decrease the burden during the monthly close process.